Economic Survey 2009-10

Economic Survey 2009-10 The Economic Survey 2009-10 says that the economy has bounced okay from the global economic slowdown and is on its way to the harvest path of 9 per cent. The CSO estimate of 7.2 per cent GDP egression for 2009-10 reflects the fast paced recovery given the Index of Industrial business (IIP) posting a record 16.8 per cent year-on-year growth during the month of December 2009. The Survey says that the economy has responded wellspring to the policy measures undertaken in the wake of global financial crisis. It says, the adverse impact collectable to the delayed and sub-normal monsoon has been contained to a large extent and a break in than average rabi agricultural season is expected. The Survey says that the recovery is well founded with pick up in merchandise exports, capital flows and non-bank pabulum credit. The turnaround came in the second quarter of 2009-10 when the economy grew by 7.9 per cent, year-on-year basis. The CSO estimates forecast 7.2 per cent growth in GDP with industrial out rank growing at 8.2 per cent and service vault of heaven at 8.7 per cent. The recovery is particularly impressive despite a decline of 0.2 per cent in agriculture output mainly collect to sub-normal monsoon.

The Survey says, the broad based nature of the recovery creates scope for a gradual roll back, in due course, of some of the measures undertaken over the last 15 to 18 months to put the economy back on the growth path of 9 per cent. The Survey expresses concern over the emergence of high double-digit food inflation especially in the second half. Food monetary value inflation stood at 17.9 percent for the week ended January 30, 2010 fleck the inflation in fire, power, light and lubricant at 10.4 per cent. It says that the fundamental part of this inflation can be explained by release side bottlenecks in some essential commodities. Since December 2009, at that place have been signs of these high food prices, together with hardening of non-administered fuel prices, getting transmitted to other... If you want to get a unspoiled essay, order it on our website: Orderessay

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